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Chen Haolian: Hong Kong is implementing multiple policies to create a stable development environment for the digital asset industry

MeNews
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ME News report: On April 20 (UTC+8), Chan Haoliam, Deputy Secretary for Financial Services and the Treasury of the Hong Kong SAR, said, “Since the publication of the first digital asset development policy statement in 2022, the Hong Kong SAR government has demonstrated a proactive and open attitude toward Web3 and the digital asset sector. It is committed to building a regulatory framework that both takes risk management into account and promotes the development of the industry, with the goal of making Hong Kong an innovation hub for the global digital asset sector. Through measures such as optimizing the legal and regulatory environment, expanding the types of tokenized assets, promoting application scenarios, strengthening international cooperation, and developing a talent market, Hong Kong is moving forward steadily. Its aim is to create a stable development environment for the digital asset industry while also promoting deep integration between the sector and the real economy. Specific policy implementation includes issuing licenses for stablecoin issuers, launching tokenized gold investment products, issuing digital bonds, and participating in the Project Ensemble sandbox project. These measures demonstrate Hong Kong’s determination and concrete actions in the field of Web3 and digital asset innovation.” (Source: Foresight News)
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